- Reuters
Credit Agricole's Q1 earnings jump as investment banking beats rivals
Credit Agricole SA, France's second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals. Net profit in the January to March period rose to 1.9 billion euros ($2.04 billion), above the 1.48 billion-euro average of 19 analyst estimates compiled by the company. Despite the overall rise in revenues, Credit Agricole said its retail sales in France grew by just 1.8% while its net interest margin, or the difference between what a bank earns on loans and pays out for deposits, was stable.
- Bloomberg
Japan’s Top Currency Official Says G-7 Reaffirms Currency Commitments
(Bloomberg) -- The Group of Seven nations renewed commitments on foreign exchange policy that refer to the potentially harmful effects of excessive market movements, pledges that offer member states including Japan some latitude to defend their currencies in the face of dollar strength.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud Seedi
